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Company Registration No. 04467937 (England and Wales)
Aware Promotional Merchandise Limited Unaudited accounts for the year ended 30 June 2023
Aware Promotional Merchandise Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,822 
32,021 
Current assets
Debtors
43,032 
18,948 
Cash at bank and in hand
- 
16,391 
43,032 
35,339 
Creditors: amounts falling due within one year
(66,655)
(37,222)
Net current liabilities
(23,623)
(1,883)
Total assets less current liabilities
3,199 
30,138 
Creditors: amounts falling due after more than one year
(21,047)
(30,653)
Net liabilities
(17,848)
(515)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(17,850)
(517)
Shareholders' funds
(17,848)
(515)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 February 2024 and were signed on its behalf by
Mrs S Vincent Director Company Registration No. 04467937
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Aware Promotional Merchandise Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Aware Promotional Merchandise Limited is a private company, limited by shares, registered in England and Wales, registration number 04467937. The registered office is The Pavilion, Kingfisher Way, Huntingdon, Cambridgeshire, PE29 6FN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line and 15% reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
At the end of the accounting period, the company was insolvent with net liabilities of £17,848 (2022 £515). The accounts have been prepared on a going concern basis as the director is confident that solvency will be secured within the next 12 months.
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Aware Promotional Merchandise Limited Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2022
57,400 
Additions
408 
At 30 June 2023
57,808 
Depreciation
At 1 July 2022
25,379 
Charge for the year
5,607 
At 30 June 2023
30,986 
Net book value
At 30 June 2023
26,822 
At 30 June 2022
32,021 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
41,717 
17,894 
Other debtors
1,315 
1,054 
43,032 
18,948 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
27,400 
10,644 
Trade creditors
24,012 
14,246 
Taxes and social security
4,324 
3,394 
Other creditors
10,919 
8,938 
66,655 
37,222 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,047 
30,653 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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